9026 Kautzman Rd
$2,850,000
9026 Kautzman Rd Billings, MT 59101
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About this listing
9026 Kautzman Rd boasts over 100 streams of income with 30 mobile home park spaces (lot rent only), 70 mini storage units, 1 large shop/warehouse and a fenced yard space. As a low maintenance investment, the best part about this property is that all of the mobile homes are owned by the tenants and the tenant in the large shop space is responsible for his own property maintenance. 9026 Kautzman Rd promises significant upside potential with mobile home lot rent currently $100-$150/mo below market, mini storage facilities only 30% occupied and the large shop space currently leased well below market. With a little bit of work, this property could be your cash-cow and perform at over a 10% cap rate.
Mobile Home Park + Mini Storage Property for Sale 9026 Kautzman Rd, Billings, MT For Sale $2,850,000 20 Acres of Land Well & Septic 30 Space Mobile Home Park – Lot Rent @ $350/mo + $50/mo for Water 70 Mini Storage Units – 10x10 ($60/mo) and 10x20 ($90/mo) 5,634 SF Shop + Carport + Covered Storage @ $3,245/mo 1.3 Acre Fenced Yard @ $1,500/mo Significant Upside Available to Buyer – Market Lot Rent is $450/mo, Market Shop Rent is $5,000/mo and Mini Storage is Only 30% Occupied Current NOI = $221,796 Current Cap Rate = 7.8% Pro Forma NOI = $320,976 Pro Forma Cap Rate = 11.3%
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Cap Rate
7%
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Building Size
21,546 sqft
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Lot Area
20 acres
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Zoning
Outside City Limits
DESCRIPTION
- • Lot Dimension: 20 AC
- • Lot Size: 10-20 Acres
- • Sewer: Septic
- • Water: Well
